Every business in Germany (with some exceptions) are liable to pay trade tax (Gewerbesteuer). There are various types of taxes that are applied depending on the business type and how it is registered. The trade tax in Germany is determined and collected by each municipality, therefor the location of your business will greatly determine your tax burden when it comes to trade tax.
By the introduction of the tax identification number (IdNo, or TIN) in 2008, Germany wants to modernise its tax system by making it less bureaucratic. It aims to simplify the taxation procedure by making electronically provided and pre-filled tax return forms possible, among others.
Germany has many small cities, places of historical interest, attractive geographical locations, and collections of forests. All these places are great for a German holiday. Whether you are a history buff, a lover of nature, or a fanatic of different cultures, you should be able to enjoy a vacation in this country.
In Germany, marriage are considered legal unions, and essentially legally binding contracts between 2 persons. The union is protected under the German Constitution. Persons getting married in Germany only need to appear physically at a Standesamt for a civil ceremony. Witnesses are not required in this case and a religious ceremony is optional.
The VAT number in Germany is used to identify you when making payments to the VAT department in Germany (Finanzamt). The VAT number is referred to with different names, but they all mean the same: Umsatzsteuernummer, Umsatzsteuer-Identifikationsnummer or USt-IdNr.
If you happen to find yourself in the beautiful German city, Frankfurt, whether you are there for working, studying or simply as a resident, one particular skill will make your experience much more enjoyable is learning the German Language. Despite the many English-speaking residents in Frankfurt, knowing and understanding the native language is always super helpful be it for your personal or professional life.
The German pension system is regarded highly among other pension systems worldwide. However, due to an ageing population, the German government has introduced several reforms since 2002 in order to maintain its long-term efficiency. These reforms include increases in the retirement age and reducing maximum state pension payments, among others.
Anyone who lives in Germany and moves to a new location is required to register with an electricity supplier. In principle, there is a free choice of provider. You would receive, however, automatically a local basic supply, which is the most expensive rate at any place in Germany.